Revenue Performance - Revenue for the three months ended July 29, 2023, was $3,076,495, a decrease of 1% compared to $3,109,880 for the same period in 2022[58]. - Revenue for the nine months ended July 29, 2023, was $9,589,055, an increase of 9% compared to $8,766,237 for the same period in 2022[59]. - The Industrial end market contributed $1,629,201 in revenue for the three months ended July 29, 2023, a 4% increase year-over-year[61]. - The Automotive end market saw a revenue increase of 15%, reaching $747,554 for the three months ended July 29, 2023[61]. - Revenue from the Consumer end market decreased by 21% to $319,236 for the three months ended July 29, 2023[61]. - Total revenue from distributors for the three months ended July 29, 2023, was $1,904,496, accounting for 62% of total revenue[63]. Profitability Metrics - Gross margin percentage for the three months ended July 29, 2023, was 63.8%, down from 65.7% in the same period of the prior year[65]. - Gross margin percentage for the nine months ended July 29, 2023, increased to 65.0% from 61.5% in the same period of the prior year[65]. - Net income for the three months ended July 29, 2023, was $877,019, representing a 17% increase from $748,985 in the same period of 2022[58]. - Operating income increased by $36.2 million (4%) in the three-month period and $1,012.5 million (47%) in the nine-month period ended July 29, 2023, compared to the prior fiscal year[71][72]. - Net income increased by $128.0 million (17%) in the three-month period and $1,003.8 million (55%) in the nine-month period ended July 29, 2023, compared to the prior fiscal year[77][78]. - The company reported a diluted EPS of $1.74 for the three months ended July 29, 2023, a 21% increase from $1.44 in the same period of 2022[58]. Expenses Overview - R&D expenses decreased by $8.1 million (2%) in the three-month period and $25.9 million (2%) in the nine-month period ended July 29, 2023, compared to the prior fiscal year[66]. - SMG&A expenses increased by $7.2 million (2%) in the three-month period and $55.0 million (6%) in the nine-month period ended July 29, 2023, compared to the prior fiscal year[68]. - Nonoperating expenses increased by $9.3 million in the three-month period and $26.9 million in the nine-month period ended July 29, 2023, primarily due to higher interest expenses[72][73]. - Special charges, net decreased by $114.7 million (83%) in the three-month period and $197.9 million (81%) in the nine-month period ended July 29, 2023, compared to the prior fiscal year[70]. - Amortization expenses remained relatively flat at $250.7 million in the three-month period and $756.9 million in the nine-month period ended July 29, 2023[69]. Cash Flow and Financial Position - Cash and cash equivalents totaled $1,149.2 million as of July 29, 2023, with approximately $253.9 million held in the United States[79]. - Net cash provided by operating activities for the nine months ended July 29, 2023, was $3,630,340, compared to $3,326,066 for the same period in 2022, maintaining a consistent 38% of revenue[80]. - Cash used for investing activities increased to $(787,324) in the nine months ended July 29, 2023, from $(351,035) in the prior year, primarily due to higher capital expenditures[82]. - Cash used for financing activities decreased to $(3,164,342) from $(3,403,860) year-over-year, attributed to higher net proceeds from commercial paper issuance and lower debt repayments[83]. - Accounts receivable decreased by $184,219 (10%) to $1,616,243 as of July 29, 2023, while inventory increased by $309,399 (22%) to $1,709,313[84]. - Total debt obligations as of July 29, 2023, amounted to $6,517,077, with various notes maturing from 2024 to 2051[85]. Future Outlook and Strategic Initiatives - The company expects to continue developing innovative technologies and processes for new products, viewing R&D as critical for future growth[67]. - Capital expenditures for fiscal 2023 are expected to be between 7% to 9% of revenue, reflecting plans to expand internal manufacturing capacity[89]. - A cash dividend of $0.86 per share was declared on August 22, 2023, expected to total approximately $428.6 million, with future dividends dependent on financial conditions[90]. - The company has authorized a stock repurchase program totaling $16.7 billion, with $2.6 billion remaining available for repurchase as of July 29, 2023[88]. - Current liabilities increased to $2,831.0 million as of July 29, 2023, compared to $2,442.7 million at the end of fiscal 2022, due to higher commercial paper notes and income taxes payable[84].

Analog Devices, Inc. (NASDAQ:ADI) Q2 2023 Earnings Conference Call May 24, 2023 10:00 AM ET Company Participants Michael Lucarelli - VP, IR & FP&A Vincent Roche - CEO & Chair Prashanth Mahendra-Rajah - CFO Conference Call Participants Vivek Arya - Bank of America Securities Tore Svanberg - Stifel Ambrish Srivastava - BMO Capital Markets Joseph Moore - Morgan Stanley Chris Danely - Citi Ross Seymore - Deutsche Bank William Stein - Truist Securities Operator Good morning, and welcome to the Analog Devices Sec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-7819 Analog Devices, Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2348234 (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-7819 Analog Devices, Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2348234 (State or other jurisdict ...